ValuEngine cut shares of New Residential Investment Corp. (NYSE:NRZ) from a strong-buy rating to a buy rating in a report issued on Friday morning.

NRZ has been the subject of a number of other research reports. Vetr cut New Residential Investment Corp. from a buy rating to a hold rating and set a $17.14 price target for the company. in a research report on Wednesday, September 13th. BidaskClub raised New Residential Investment Corp. from a hold rating to a buy rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a buy rating and issued a $18.00 price objective on shares of New Residential Investment Corp. in a report on Thursday. Zacks Investment Research raised New Residential Investment Corp. from a sell rating to a hold rating in a report on Saturday, August 12th. Finally, FBR & Co restated a buy rating and issued a $17.50 price target on shares of New Residential Investment Corp. in a research note on Monday, July 10th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $16.89.

New Residential Investment Corp. (NYSE NRZ) opened at 16.53 on Friday. New Residential Investment Corp. has a one year low of $13.30 and a one year high of $17.86. The company has a market capitalization of $5.08 billion, a P/E ratio of 5.87 and a beta of 1.02. The stock’s 50 day moving average price is $16.60 and its 200-day moving average price is $16.50.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.48. The firm had revenue of $356.80 million during the quarter, compared to analysts’ expectations of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same quarter last year, the firm earned $0.52 EPS. Equities analysts forecast that New Residential Investment Corp. will post $2.56 EPS for the current year.

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Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in New Residential Investment Corp. by 58.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,413,015 shares of the real estate investment trust’s stock worth $23,993,000 after buying an additional 522,706 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in New Residential Investment Corp. by 63.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 155,034 shares of the real estate investment trust’s stock worth $2,412,000 after buying an additional 60,175 shares in the last quarter. Suntrust Banks Inc. increased its stake in New Residential Investment Corp. by 6.8% during the 1st quarter. Suntrust Banks Inc. now owns 47,874 shares of the real estate investment trust’s stock worth $811,000 after buying an additional 3,051 shares in the last quarter. Chicago Equity Partners LLC increased its stake in New Residential Investment Corp. by 139.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 395,250 shares of the real estate investment trust’s stock worth $6,150,000 after buying an additional 229,885 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in New Residential Investment Corp. by 634.1% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 276,671 shares of the real estate investment trust’s stock worth $4,698,000 after buying an additional 238,981 shares in the last quarter. Institutional investors own 47.79% of the company’s stock.

About New Residential Investment Corp.

New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.

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Analyst Recommendations for New Residential Investment Corp. (NYSE:NRZ)

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